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Murray Stahl’s Franco-Nevada FNV Stock Holding History

Murray Stahl’s Portfolio FNV Stock Details FNV Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q2 		$161M Buy
773,418
+16,121
+2% +$3.76M 1.83% 9
2026
Q1 		$187M Sell
757,297
-210,804
-22% -$52.2M 2.03% 7
2025
Q4 		$201M Sell
968,101
-44,261
-4% -$8.98M 2.71% 6
2025
Q3 		$226M Sell
1,012,362
-31,184
-3% -$5.62M 2.75% 5
2025
Q2 		$171M Buy
1,043,546
+26,772
+3% +$4.43M 2.03% 6
2025
Q1 		$160M Buy
1,016,774
+28,741
+3% +$4.02M 1.82% 5
2024
Q4 		$116M Buy
988,033
+52,199
+6% +$6.46M 1.45% 8
2024
Q3 		$116M Buy
935,834
+17,232
+2% +$2.13M 1.74% 7
2024
Q2 		$109M Buy
918,602
+21,253
+2% +$2.58M 1.9% 6
2024
Q1 		$107M Buy
897,349
+25,206
+3% +$2.77M 2.02% 5
2023
Q4 		$96.6M Sell
872,143
-84,606
-9% -$10.3M 2.02% 6
2023
Q3 		$128M Sell
956,749
-48,305
-5% -$6.83M 2.53% 5
2023
Q2 		$143M Sell
1,005,054
-32,928
-3% -$4.94M 3.09% 5
2023
Q1 		$151M Sell
1,037,982
-35,707
-3% -$4.98M 2.91% 4
2022
Q4 		$147M Sell
1,073,689
-4,876
-0.5% -$644K 2.42% 2
2022
Q3 		$129M Sell
1,078,565
-35,352
-3% -$4.44M 2.59% 2
2022
Q2 		$147M Buy
1,113,917
+30,857
+3% +$4.56M 3.07% 2
2022
Q1 		$173M Buy
1,083,060
+99,555
+10% +$14.3M 3.48% 2
2021
Q4 		$136M Buy
983,505
+35,220
+4% +$4.87M 2.99% 2
2021
Q3 		$123M Buy
948,285
+24,551
+3% +$3.6M 2.88% 2
2021
Q2 		$134M Buy
923,734
+155,948
+20% +$22.6M 2.73% 2
2021
Q1 		$96.2M Buy
767,786
+958
+0.1% +$115K 2.18% 3
2020
Q4 		$96.1M Sell
766,828
-47,470
-6% -$6.41M 3.2% 3
2020
Q3 		$114M Sell
814,298
-23,787
-3% -$3.53M 4.56% 3
2020
Q2 		$117M Sell
838,085
-284,946
-25% -$37.9M 4.24% 3
2020
Q1 		$112M Sell
1,123,031
-9,762
-0.9% -$1.06M 4.95% 2
2019
Q4 		$117M Sell
1,132,793
-3,615
-0.3% -$349K 3.32% 3
2019
Q3 		$104M Buy
1,136,408
+97,889
+9% +$8.98M 3.12% 3
2019
Q2 		$88.1M Buy
1,038,519
+56,358
+6% +$4.26M 2.44% 5
2019
Q1 		$73.7M Buy
+982,161
New +$72.9M 2.05% 6

Other funds holding FNV

Fidelity Investments
Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return
Massachusetts Financial Services
Massachusetts Financial Services Boston, Massachusetts $315B AUM 27.84% 1-Year Est. Return
VanEck Associates
VanEck Associates New York $164B AUM 112.45% 1-Year Est. Return
Fidelity International
Fidelity International Hamilton, Bermuda $139B AUM 29.06% 1-Year Est. Return
Vanguard Capital Management
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
Bank of Montreal
Bank of Montreal Toronto, Ontario, Canada $304B AUM 35.64% 1-Year Est. Return
First Eagle Investment Management
First Eagle Investment Management New York $59.9B AUM 27.01% 1-Year Est. Return
Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return
Capital World Investors
Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return
EIG
EdgePoint Investment Group Toronto, Ontario, Canada $13.2B AUM 32.43% 1-Year Est. Return

Murray Stahl's FNV Position: Q2 2026 in Review

Murray Stahl increased its Franco-Nevada (FNV) stake by 2.1% in Q2 2026, buying an estimated $3.76M and bringing the position to 773,418 shares worth $161M. The position accounts for 1.83% of the portfolio, ranked #9.

Murray Stahl first reported a position in FNV in Q1 2019 and has held it in 30 quarters since. The position peaked at $226M in Q3 2025. 659 funds tracked by Wall St. Rank hold FNV as of Q2 2026.

  • Murray Stahl held 773,418 shares of Franco-Nevada worth $161M as of Q2 2026.
  • Murray Stahl bought 16,121 Franco-Nevada shares in Q2 2026, an estimated $3.76M.
  • Franco-Nevada made up 1.83% of Murray Stahl's portfolio in Q2 2026, its #9 holding.
  • Murray Stahl first reported a position in Franco-Nevada in Q1 2019 and has held it in 30 quarters since.
  • Murray Stahl's Franco-Nevada position peaked at $226M in Q3 2025.
  • 659 funds tracked by Wall St. Rank held Franco-Nevada as of Q2 2026.

Based on Horizon Kinetics Asset Management's 13F filing for Q2 2026, filed 11 Aug 2026.